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Article: BOARD MEETING TODAY TO DECIDE FUTURE OF AUSTRALIA'S WMC.

Article from:
AsiaPulse News
Article date:
November 21, 2001
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MELBOURNE, Nov 21 Asia Pulse - The future of Australia's biggest independent miner, WMC Ltd (ASX:WMC), could be known by the end of today as its board bunkers down for a meeting with a $A12 billion ($US6.21 billion) takeover offer expected to top its agenda.

Shares in the Melbourne-based company were halted this morning at the request of the company, which alerted the Australian Stock Exchange that it was holding a board meeting.

WMC stock staged a late rally yesterday, closing at $A10.092 ($US5.22), as the rumour mill gained momentum that a bid for the diversified group was imminent.

WMC shares have surged 30 per cent since first speculation of ...

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